NRI & Foreign National LLP Registration in India(2022)| Onfiling

    NRI & Foreign National LLP

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    What is an NRI & Foreign Nationals LLP?

    The Government of India has made it easier for foreign nationals and non-resident Indians (NRIs) to do business in India. Foreign citizens and NRIs can form a private limited business, a public limited company, or a Limited Liability Partnership (LLP). In most sectors, private or public limited companies enable FDI into India via the automatic method. The LLP only enables FDI through the automatic route in industries or activities that allow 100% FDI via this route.

    Steps to Start

    Let's Complete The Process in 4 Simple Steps

    1

    Connect

    Connect with Onfiling Experts by filling up the query form as per your services requirements, our team will contact and explain you the complete process of required service in simple terms.

    2

    Submit

    As per the discussion with Experts you can submit the documents through email to the concerned person with 50% professional fees and the complete government fees for the services.

    3

    Draft

    Once your documents are submitted, our team will draft the required forms as per the documents shared and will send you back for the final review before submitting to authorities.

    4

    Complete

    Once you give confirmation our team will file the documents and give you acknowledgement. Once application is approved by authorities you will get the required certifications without any hassle.

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    FAQs

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    Yes, a foreigner can be a partner or even a designated partner in a Limited Liability Partnership and this includes foreign companies as well. A person resident outside India or an entity incorporated outside India shall be an eligible investor for the purpose of foreign investment LLP.

    If foreign national is residing outside at the time of incorporation, the all the incorporation documents with ID and address proof of foreign national must be notarized before the notary of the country of their origin and duly apostillised.

    As prescribed by the MCA, LLP is required to file LLP Form 8 (Statement of Account & Solvency) and LLP Form 11 (Annual Return) annually. The ‘Annual Return’ is required to be filed within 60 days of close of the financial year and ‘Statement of Accounts & Solvency’ shall be filed within 30 days from the end of six months of the financial year to which it relates. Every LLP has to maintain uniform financial year ending on 31st March of a year.

    As stated by the MCA and according to the LLP Act, 2008 Foreign LLP can establish a place of business in India by filing Form 27 giving the particulars of incorporation of foreign LLP, details of DPs/ partners of that foreign LLP and details of atleast two authorised representatives for complying with regulation of LLP act.

    No, name of the LLP shall end with either “Limited Liability Partnership” or “LLP” only.

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